The RInfra InvIT Fund, with a proposed issue size of Rs 3,000 crore with an option to retain over-subscription of up to 25 per cent, will own 10 toll road assets, with an option to acquire further assets in future.
Analysts expect the USFDA observations to cause further delay in resolution of the warning letter issued in 2015 and blocking hopes of new approvals filed from the facility for US market in the next one year.
Dhananjay Mungale has been a board member since March 1999 and was also the chairman of the audit committee of October 2008.
While some of these pioneering biggies, Kothari and Bansali, quit the space after selling DSP Merrill Lynch to Merril Lynch in 2005 and Enam Securities to Axis Bank in 2010, respectively, Kotak and Kampani became full-service financial players with focus on credit business. Kotak has even entered into the banking sector.
Inox Wind, promoted by Gujarat Fluorochemicals, is going to list its equity shares on exchanges on Thursday, April 9. The issue price was fixed at higher end of price band of Rs 315-325 apiece.
Heavy Industries and Public Enterprises minister Praful Patel on Wednesday said there is no immediate plan to divest government stake in power equipment maker Bhel. "As of now, there is no plan to disinvest in Bhel," he told reporters on the sidelines of the 4th Clean Energy Ministerial (CEM) meet.
Reliance Industries has bought back shares worth over Rs. 3,800 crore from public shareholders since the launch of its share repurchase programme in February -- achieving 37 per cent of the target with less than a month left for its completion.
Market regulator Sebi has sought clarifications from the merchant bankers of Bharti Infratel, regarding the company's proposed Initial Public Offer
The FCCB rush has come back to haunt India Inc! Over USD 11 billion of foreign currency convertible bonds will mature over the next one year or so.